FMC Technologies Signs Agreement With Statoil

Posted on June 22, 2010

FMC Technologies Inc. has signed an agreement with Statoil for the manufacture and supply of subsea production equipment to support the Pan Pandora field. The order is valued US$70 million (€57 million) in revenue to FMC Technologies.

Pan Pandora is an offshore oil and gas field located in water depths of 290 m in the Norwegian sector of the North Sea. The order also includes options for the supply of subsea production systems for three additional fields. All equipment will be based on a subsea standard solution designed by Statoil and FMC.

FMC’s scope of supply for Pan Pandora includes the manufacture of four subsea production trees, wellheads, choke modules and subsea control modules. FMC also will supply one manifold structure and associated tools and control systems. The equipment will be manufactured and assembled at FMC’s facilities in Scotland and Norway. Deliveries are set for the second quarter of 2011.